Warning-This chart is derived with a ghost feed that attempts to predict movements and timing into the future with elliot movements.
This chart provides a prediction model based on historical data that may not represent future price action. No one can predict the future!
Three Cup Formation Strategy
1) Little Cup (#1) is forming now with a closing at the fib .618 at 1.20ish range. Prompt Date ( usually less than 5 days).
Small handle must form with retracement to .95 and act as support for handle.
2) Cup #2 shows a closing formation at 1,59 ish price point circa 3/29/2018 with handle support at 1.06.
3) Last cup (#3) formation closes at 2.04 although not drawn handle support is expected at 1.65 circa 4/22/2018.
If and only if,cup three forms, then expect a fourth cup to form with a closure at 2.75, handles to form at fib levels.
All Cups rely upon the XRP down trend patterns as a base left hand formation.
This modeling also shows XRP may make break the short consolidated period and move to an uptrend soon.
This is a daily chart.
This chart provides a prediction model based on historical data that may not represent future price action. No one can predict the future!
Three Cup Formation Strategy
1) Little Cup (#1) is forming now with a closing at the fib .618 at 1.20ish range. Prompt Date ( usually less than 5 days).
Small handle must form with retracement to .95 and act as support for handle.
2) Cup #2 shows a closing formation at 1,59 ish price point circa 3/29/2018 with handle support at 1.06.
3) Last cup (#3) formation closes at 2.04 although not drawn handle support is expected at 1.65 circa 4/22/2018.
If and only if,cup three forms, then expect a fourth cup to form with a closure at 2.75, handles to form at fib levels.
All Cups rely upon the XRP down trend patterns as a base left hand formation.
This modeling also shows XRP may make break the short consolidated period and move to an uptrend soon.
This is a daily chart.
Note
the Ghost feed is a little off but in the ballpark!!!Note
After closer review of this chart and feed, I am declaring bad data. See updates on my death cross charts for XRP. They are consistent with prior assessments.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.